Investors Buy Shares of Vulcan Materials Company (VMC) on Weakness

Investors purchased shares of Vulcan Materials Company (NYSE:VMC) on weakness during trading hours on Tuesday. $33.09 million flowed into the stock on the tick-up and $21.62 million flowed out of the stock on the tick-down, for a money net flow of $11.47 million into the stock. Of all stocks tracked, Vulcan Materials had the 30th highest net in-flow for the day. Vulcan Materials traded down ($0.88) for the day and closed at $122.74

A number of brokerages recently issued reports on VMC. Jefferies Group LLC upped their price objective on shares of Vulcan Materials from $122.00 to $128.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Bank of America Corporation dropped their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating for the company in a report on Thursday, October 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a report on Tuesday, October 10th. Citigroup Inc. reissued a “buy” rating and issued a $140.00 price objective (down previously from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Finally, Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $140.00.

The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.34 and a current ratio of 4.22. The company has a market capitalization of $16,260.00, a PE ratio of 41.43, a P/E/G ratio of 2.40 and a beta of 0.86.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.36). Vulcan Materials had a net margin of 10.20% and a return on equity of 8.71%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the company earned $1.01 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. sell-side analysts forecast that Vulcan Materials Company will post 3.04 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. Vulcan Materials’s payout ratio is currently 34.13%.

In other news, insider David B. Pasley sold 1,250 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.51, for a total transaction of $151,887.50. Following the sale, the insider now owns 2,857 shares of the company’s stock, valued at $347,154.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael R. Mills sold 981 shares of the stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the sale, the insider now directly owns 23,871 shares in the company, valued at approximately $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. New England Research & Management Inc. acquired a new stake in Vulcan Materials in the third quarter valued at approximately $287,000. Schwab Charles Investment Management Inc. raised its holdings in Vulcan Materials by 2.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock valued at $53,012,000 after acquiring an additional 11,647 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 7.5% in the second quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock valued at $70,207,000 after acquiring an additional 38,479 shares in the last quarter. Geneva Advisors LLC acquired a new stake in Vulcan Materials in the second quarter valued at approximately $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Vulcan Materials by 1.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock valued at $33,559,000 after acquiring an additional 3,265 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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